Rosatom ready to invest in nuclear fuel plant in Ukraine

The plant in Smolino, in Ukraine’s central Kirovograd region, is the largest Russian-Ukrainian cooperation project

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MOSCOW, June 10, 23:46 /ITAR-TASS/. Russia’s nuclear energy corporation Rosatom is ready to invest in the construction of a nuclear fuel plant in Ukraine.

“We hope that Ukraine will find money for the project. For our part, we are ready to do our share of work,” Kirill Komarov, the corporation’s deputy director general, told the ATOMEXPO-2014 forum on Tuesday.

The plant in Smolino, in Ukraine’s central Kirovograd region, is the largest Russian-Ukrainian cooperation project. Russia’s TVEL company has 50% less one share in the project; Ukraine’s Nuclear Fuel holds 50% plus one share.

The plant will have make 400 tonnes of uranium or 800 fuel assemblies a year. This is more than Ukraine needs and will allow the plant to export its products to third countries.

The enterprise was supposed to be commissioned in three stages, the first one in 2015, and to be completed by 2020.